Live-Work Property with Highway
For Sale
$475,000
17801 N Highway 1, Fort Bragg, CA 95437
Commercial zoning and distinct residential and business areas accommodate a combined live-work arrangement.
Property Size2,582 SF
Price / SF$183.97
Days on Market12
Property Features for 17801 N Highway 1
General Information
Standard status
Active
Size
2,582 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Mixed-Use Components
residential, retail
Building Details
Building Size
2,582 SF
Year Built
1956
Buildings
1
Stories
1
Construction
ranch
Listing Agency:
Century 21 Fort Bragg Realty
Listed By:
Agnes Li · License #01956145
(707) 734-3159
Source:
Fcgrouprealty
Added: Oct 14
Changed: Oct 23
Last Checked: Oct 23 at 3:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Fort Bragg Realty
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Investment Insights
Based on property information with market context.
This single-level, ranch-style property, built in 1956, has separate residential and business areas. The residence includes two bedrooms, two bathrooms, an office, a living room with a fireplace, and a dining room with patio access. Business space features a reception area, half bath, several display or office rooms, and a separate patio entrance.
The property has 150 feet of highway frontage and sits approximately half a mile from the Pacific Ocean, with Fort Bragg about five minutes away. Behind the building, the yard includes mature apple trees, a boardwalk crossing a creek, gardening space, and outdoor gathering areas. The property is offered as-is, subject to buyer inspection and tenant rights.
The property has 150 feet of highway frontage and sits approximately half a mile from the Pacific Ocean, with Fort Bragg about five minutes away. Behind the building, the yard includes mature apple trees, a boardwalk crossing a creek, gardening space, and outdoor gathering areas. The property is offered as-is, subject to buyer inspection and tenant rights.
Key Highlights
- 150 feet of highway frontage
- Commercial zoning
- Separate residential and business areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,484
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,680
$749.7K
Cap Rate 7%
$535,486
$535.5K
Cap Rate 9%
$416,489
$416.5K
Market Conditions
NOI Build-Up for 2,582 SF
Gross rent
$58.2K $22.56/SF
− Vacancy
−$8.3K −$3.20/SF
EGI
$50.0K $19.36/SF
− OpEx
−$12.5K −$4.84/SF
NOI
$37.5K $14.52/SF
Area
Mendocino County, CA
Vacancy
14.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,680
Cap Rate 7%
$535,486
Cap Rate 9%
$416,489
Alternative Uses
Best Use
Office B
$535.5K
$468.6K – $624.7K
NOI $37,484 @ 7.0% cap · market cap 7.89%
Second Best
Mixed Use
$448.2K
$392.1K – $522.9K
NOI $31,371 @ 7.0% cap · market cap 6.60%
Theoretical Best
Flex RnD
$965.3K
$844.7K – $1.13M
NOI $67,572 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
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Business Placement
Demographics for 95437, CA
14,608
Population
7,654
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
177.4 sq mi
ZIP Area
82
Density / Sq Mi
$55,061
Median Household Income
$35,860
Median Earnings
$1,367
Median Rent
$541,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Commercial zoning and distinct residential and business areas accommodate a combined live-work arrangement.
Where is this live-work space located?
The property is located at 17801 N Highway 1 Fort Bragg, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 150 feet of highway frontage; Commercial zoning; Separate residential and business areas
